New Class Sample Clauses
The "New Class" clause defines the process and conditions under which a new class of shares or membership interests may be created within a company or organization. Typically, this clause outlines who has the authority to establish a new class, such as the board of directors or shareholders, and may specify requirements like approval thresholds or the rights and preferences attached to the new class. By providing a clear mechanism for introducing new classes, this clause ensures flexibility in the company’s capital structure and helps address future financing or governance needs.
New Class. The New Notes, when issued, will not be of the same class as securities listed on a national securities exchange registered under Section 6 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or quoted in a U.S. automated inter-dealer quotation system, within the meaning of Rule 144A(d)(3)(i) under the Securities Act.
New Class. If the District creates a new classification, it shall develop a class specification and forward the class specification to the Association at least seven (7) business days before the District presents it to the Pay Grade Evaluation Committee (PGEC). The District agrees to consider the Association's concerns.
New Class. The Amendment No. 3 Replacement Term Loans being made pursuant to this Amendment shall constitute “Replacement Loans” and be designated as a new Class of Term Loans under the Credit Agreement.
New Class. If the District creates a new classification, it shall develop a class specification and proposed pay grade that complies with Oregon Pay Equity law, and notify the Association of the same. The Association shall have the opportunity to meet and discuss the matter with the District. If the Association objects to the District’s pay grade proposal, it shall have fourteen (14) days in which to inform the district of any demand to bargain over the pay grade, and the parties will engage in expedited bargaining pursuant to ORS 243.698. Negotiations teams will be comprised of two members each unless the parties agree otherwise. The District may, at its option, implement the proposed pay grade pending the completion of negotiations.
New Class. In the event that the Employer creates a new classification which is within the scope of the bargaining unit in accordance with Clause which is not listed as a classification in the “Salaries Appendix” the following will occur: The Employer shall provide classification criteria for the new classification to the Union. The Employer shall establish the basic rate of pay for the new and shall notify the Union of such rate. In the event that the basic rate of pay for the new classification established by the Employer is not acceptable to the Union, the Union shall, within thirty (30) calendar days from the date they received notification of the basic rate of pay for the new classification, the Employer that they wish to meet to negotiate the basic rate of pay for the new classification established by the Employer. If a satisfactory conclusion to such negotiations is not reached within sixty
New Class. The teacher and the coordinator will mutually agree upon the length of the trial period and the minimum number of students required in attendance (Form AS28). The teacher may be reassigned at the end of this period, depending on his/her classification (tenured, probationary, etc.)
New Class. The Securities, when issued, will not be of the same class as securities listed on a national securities exchange registered under Section 6 of the Exchange Act or quoted in a U.S. automated inter-dealer quotation system, within the meaning of Rule 144A(d)(3)(i) under the Securities Act.
New Class. The Incremental Amendment No. 1 Term Loans being made pursuant to this Amendment shall constitute Incremental Term Loans and be designated as a new Class of Term Loans under the Credit Agreement.
New Class. D TRUSTEE A PARTY. For the avoidance of doubt, effective as of December 12, 2001 State Street Bank and Trust Company of Connecticut, National Ass▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ Through Trustee under the Basic Pass Through Trust Agreement and Trust Supplement No. 2001-2D dated as of December 12, 2001 shall be deemed to be a party to each such Participation Agreement, shall be an "Indemnitee" as defined in Section 4.02(b) of each such Participation Agreement, shall have the other rights of a Pass Through Trustee under each such Participation Agreement, and shall be bound by the covenants and other obligations of a Pass Through Trustee under each such Participation Agreement.
New Class. In the event the Employer and the Union are unable to agree as to the inclusion or exclusion of a new class, the issue shall be submitted to the Bureau of Mediation Services for determination.